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General Motors Stock Reaches New High At $38 Per Share, 15% Up From IPO

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With forecasts of General Motors stock hitting $44 per share by 2012, its safe to expect that the stock will gradually rise for the year. However, what we didn’t expect is for the price to jump to $38 today, a gain of 15% since its November IPO.

After hitting its new high, the stock winded down a little bit, eventually closing at $37.06 for today. With this impressive momentum, and annual sales reports expected tomorrow, will we see $50 a share by year’s end?

If we do, that would mean the the U.S. Treasury would be able to more or less break even on its investment in The General.